Several other brokerages have also issued reports on CCNE. BidaskClub lowered CNB Financial from a sell rating to a strong sell rating in a research report on Tuesday, December 11th. Zacks Investment Research lowered CNB Financial from a buy rating to a hold rating in a research report on Monday, December 24th.
Shares of CNB Financial stock traded down $0.24 during trading hours on Thursday, hitting $26.88. 5,430 shares of the company’s stock traded hands, compared to its average volume of 21,314. CNB Financial has a 12-month low of $21.43 and a 12-month high of $32.86. The firm has a market cap of $407.35 million, a PE ratio of 12.16 and a beta of 0.79. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.96.
Several hedge funds have recently bought and sold shares of CCNE. Citigroup Inc. grew its stake in shares of CNB Financial by 13.8% during the 4th quarter. Citigroup Inc. now owns 4,425 shares of the bank’s stock worth $102,000 after acquiring an additional 537 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of CNB Financial by 428.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,843 shares of the bank’s stock worth $111,000 after acquiring an additional 3,926 shares during the period. Citadel Advisors LLC bought a new position in shares of CNB Financial during the 3rd quarter worth $230,000. Bank of America Corp DE grew its stake in shares of CNB Financial by 50.6% during the 4th quarter. Bank of America Corp DE now owns 11,046 shares of the bank’s stock worth $254,000 after acquiring an additional 3,710 shares during the period. Finally, MetLife Investment Advisors LLC grew its stake in shares of CNB Financial by 57.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,708 shares of the bank’s stock worth $309,000 after acquiring an additional 3,926 shares during the period. Institutional investors own 43.73% of the company’s stock.
CNB Financial Company Profile
CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.
Featured Story: Discount Rate
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for CNB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNB Financial and related companies with MarketBeat.com's FREE daily email newsletter.